US stocks drop

International / 8 July 2014, 4:14pm

SAPA

The US bourse is set to open higher as European leaders get ready to meet.

New York - US stocks Tuesday opened lower ahead of the unofficial start of second-quarter earnings season and after US drugmaker AbbVie raised its informal offer to buy Irish company Shire Pharmaceuticals.

Five minutes into trade, the Dow Jones Industrial Average fell 77.13 points (0.45 percent) to 16,947.08.